Find in the news:
BY COUNTRY

Dundrum Town Center set for sale at €1bn



Ireland’s most successful center is due to be placed for sale at a price up to €1bn, with the expectation of bids from Asian wealth funds.
Nama gained ultimate control of the hub during April and will commence the sale process within the next month.  There are huge debts linked to the center, due to Anglo and AIB who forwarded hundreds of millions to Joe O’Reilly, the developer.

A valuation placed the worth of the property at around €700m before the market recovery and now it is expected to sell for around €1bn, according to experts. A retail income of around €50m is generated annually by the tenants, which could result in a return of about 5% per annum for new owners.  The center experiences an annual number of visitors of about 19 million.

Only two large retail developments have been sold since the start of the financial crisis.  However, it is stated that Dundrum will attract a different type of investor to the country.  Asian sovereign wealth funds are expected to show interest.  

Dundrum is a distinct rival to Dublin city center, due to its size.  It has rarely had a vacant unit and has housed many luxury retailers.

This is not the first retail hub to be offered for sale by Nama this year.  A portfolio of five centers, valued at€100m, was recently started, including Carrickmines Retail Park.

Related shopping malls and stores:

More about shopping malls in Ireland



DAY BEFORE YESTERDAY, Australia:
The closures caused the company to lose 27% of its shopping days, but it grew revenue.
Jan 26, 2022, China:
The new mall has been integrated into a single space with the retailer's existing store.
Jan 26, 2022, USA:
Elon Musk's message refers to an advertising campaign by McDonald's, which invites cryptocurrency investors to work for it.
Jan 25, 2022, USA:
By the end of January 2022, Savage X Fenty will open five mono stores in the U.S.
Jan 23, 2022, USA:
Amazon Style is experimenting with various tech services to enhance the shopping experience.
Jan 20, 2022, USA:
The new tenants include both international brands and small local companies.
Friend
and Follow
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us